XRP Mirrors 2017 Bull Cycle, Analysts Eye $20 as Institutional Inflows Grow
The cryptocurrency XRP is once again drawing parallels to its explosive 2017 rally as analysts point to mounting institutional demand and bullish chart patterns. Trading in the $2.50–$2.70 range, XRP may be in the early stages of a new upward leg driven by ETFs, treasury-flows, and structural technical setups. Related Reading: Bitcoin Technical Setup Shows Short-Term Pullback May Fuel Long-Term Upside Institutional Flows & Treasury Vehicles Spark Bullish Outlook XRP’s resurgence is supported by a sharp uptick in institutional interest. A recently launched XRP-exposure vehicle has already....
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Crypto analyst Galaxy has drawn similarities between the current XRP price action and the 2017 bull run, when the altcoin recorded significant gains. He predicts the altcoin could soon rally to double digits, mirroring the 2017 rally. XRP Price To Rally To Double Digits As It Mirrors 2017 Rally In an X post, Galaxy indicated that the XRP price could rally to double digits as it mirrors the 2017 rally. He stated that XRP is almost perfectly following the breakout pattern of 2017 after 6 years of consolidation. The analyst added that the longer the consolidation, the bigger the price move.....
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